Gold fixing


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Gold fixing

The process of determining the price of gold based on supply and demand forces of the market; which occurs twice daily in London.

Gold Fixing

The determination of the price of gold. Gold fixing is done twice per day by the London gold pool, which consists of five members who investigate the supply and demand for gold on the world market. The price that gold fixing determines serves as a benchmark for gold trading worldwide.
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ICBCs role of LBMA gold fixing pricer marks an important leap of Chinas gold market towards globalization, and will further strengthen Chinas impact in global precious metal market.
The status of LBMA gold fixing pricer will help the Bank further expand its gold trading channels, optimize its business modes, accelerate product innovation and service upgrading, expand influence in the world precious metal market, and provide global customers with comprehensive financial services.
In April 2009, the average gold fixing was set at $891.
The bank added that it has committed significant resources to enhancing its systems and controls in relation to the Gold Fixing as well as in relation to other reference rates.
As has been acknowledged by the FCA, Barclays has committed significant resources to enhancing its systems and controls in relation to the Gold Fixing, as well as in relation to other reference rates.
The ETF, which will provide the returns in yuan, will monitor the performance of the London Gold Fixing Price in US dollars.
It is not yet known which of the gold benchmarks are the target of the review, but among the most important gold benchmarks in the London gold fixing, which determines the spot price for physical gold and is set twice a day by a panel of five banks.
gold fixing price for one ounce of gold in the London bullion market on each of the 20 trading days ending on January 30, 2006.
gold fixing price for an ounce of gold in the London bullion market on each of the 20 trading days ending on July 30, 2003, plus accrued and unpaid dividends scheduled to be paid on August 1, 2003.
Until about three years ago, the gold fixings took place at the premises of NM Rothschild and Sons, with each bank sending a representative.